So, it’s that time of year.
Tag Archives: 1120
Today’s the day!
So, you’ve been procrastinating.
Even though the Feds gave you three more days. Because Friday was a holiday, they extended the deadline to file (yet again).
Decoration Day
I grew up hearing my grandfather call today “Decoration Day”. OK. Not today. Because before we decided to screw with our sacred holidays, it was always on the 30th of May. (That day would be Saturday this year.) Not the “If it’s Monday, we need a holiday” version we employ nowadays.
The Ides of April!
OK. Today’s the day.
And, from my point of view. I’m so pleased that this is the first time in a long time, that the holiday of Pesach (Passover) did not interfere with my ability to serve my clients’ needs. That’s right- Pesach won’t be here until Friday, so I could spend this past Sunday to Friday analyzing my clients’ needs and helping them pay the lowest amount of taxes required by law.
8 days a week
Yes, I remember that Beatles song well.
It’s appropriate today because the next 8 days are going to be insane. (Since I don’t work on Shabat, it’s really only a week’s worth of work, even though it’s an eight-day period.)
PL 115-97. The Business Portion, Part 3
Today, we wrap up our discussion of the changed IRS code, the changes made by the Tax Cuts and Jobs Act (sic). The series started last Wednesday or Thursday, where we discussed personal tax provisions of the law. On Monday, we started discussing the business tax provisions. And, now some 6000 words later, we are completing the changes in the bill.
HR-1: From beginning to the end. (Hopefully not OUR end, though)
Here’s the preamble to the series…
Continue reading HR-1: From beginning to the end. (Hopefully not OUR end, though)
HR-1, Biz 1
We’ve seen what could be happening with our personal taxes. (Part 1 here; part 2 here. And, the preamble.) Now, let’s see what changes the House plans for US business taxation.
100% Deductible?
Running a business? Then, you know that money you spend for meals – or entertainment- that are business related are not fully deductible. Oh, sure, if you spend $ 100 wining and dining a client, your profits have been reduced by $ 100. Except that’s not how it appears on your Schedule C or Form 1120 or Form 1065. Because only 1/2 of that expense is deductible.
What Changes Affect My Filing Taxes in 2017 (Part VII)
You did it! You held on for the seven posts. Today is the last one. Where we will learn about the changes to how long extensions may be (some are shorter and some are longer than before). Oh, and penalties- they’re going up. (Of course!)
Continue reading What Changes Affect My Filing Taxes in 2017 (Part VII)